re: Ann: CFU Forms Partnership with Mitsui an...
OK, I am back in after a few months away. CFU has hinged upon the European Approval since the resurgence this time last year. Further, we should not underestimate the power of radio broadcasts IMHO. Brenden Dow at the AGO last year stressed the need for publicity in Australia.
I do not see a capital raising happening for at least 18months if at all.
The Bluegen unit was always a demo and will not go into mass production in Australia. With so many units sold across the globe into potentially key markets, the company has stated clearly that CFU will provide the essential core cells, manufactured in their German plant. Others will produce the actual units. Smart! Remember CFU holds 20 odd patents in this area.
The sp will return to at least 24cents in days and back to near 30 cents on European Approval. With a major order the sp will then continue it's amazing trajectory since Feb 2009.
There are subsidies across the world from South Korea to Germany and the USA. The market is huge and despite the disappointments surrounding Copenhagen, the world knows natural gas powered electricity generation is part of the future. CFU offers so much and I am particularly pleased to hear direct references to the carbon savings, which was always a key element to selling the product.
The essential grab in OZ is the production and resale to the grid from an on-site apppliance = free power and a profit, along with the carbon savings. Australian politicians becry the loss of intellectual property etc, well here is a chance to put-up.
CFU Price at posting:
21.3¢ Sentiment: Buy Disclosure: Held